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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (3548)	11/30/2000 1:20:53 AM
From: mike machi	Read Replies (2) \| Respond to of 57684

Victor, Forget about the FED. Its the electoral mess thats screwing the market (lol)..... Its almost a year now since Greenspans `Irrational Exuberance` speech. The Nas is now cut in half and we still have some (with money left) holding long positions , holding overnight and buying into a bottomless pit. Another late reversal today, followed by more E warnings, followed by a slug of AH selling ect.. Haven`t we seen this before? Has anybody noticed that most tech stocks go DOWN a lot faster than they go up these days? I finally figured it out., to survive as a trader (And if your here, your a trader) I had to short the same stocks, that months ago I went to bed with and will again , but not today or tomorrow or because DUAN is way oversold and trading at $42. Soon, we will hear story after story about so many that lost everything trading this market. Not just the average Joe daytrader, but professionals that lost their house or lifestyle because their savings and 401ks are gone or cut in half. And dont expect to hear the media placing the blame on FED action (or lack of) or This electoral mess. Can you say Inflationary Recession? I guess its better than Irrational Exuberance... Mike

To: Victor Lazlo who wrote (3548)	11/30/2000 5:14:15 PM
From: Tom Kearney	Read Replies (2) \| Respond to of 57684

Mike - The irrational exuberence speech is from 1996 not last year! And that's the whole point. How are you doing since then? Regards, Tom upsidetoday.com Time Machine: The latest venture capital investment swell will only add fuel to a long-running debate over the durability of the Internet economy that began around late 1996. That December, Fed chair Alan Greenspan publically wrang his hands over "irrational exuberence" in the market, sending markets on a temporary plunge.